Brent Crude Oil has been rising strongly in the last few trading sessions – in line with our earlier forecast for this instrument. The price is currently approaching the buy target 116.00. This buy target is the lower boundary of the strong resistance zone (set between 116.00 and 117.00) – which earlier reversed Brent Crude Oil multiple times in August and September of last year.
The price is expected to rise to the next buy target at 117.00 (upper boundary of the aforementioned resistance zone and the forecast price for the completion of the active primary correction ②).
The post HY MARKETS News: Commodities Report:Brent Crude Oil appeared first on | HY Markets Official blog.